An inventory system in which merchandise is physically counted at ...

[future617RT]

An inventory system in which merchandise is physically counted at least once a year to determine the value of goods available for sale is known as a periodic inventory system.
  Indicate whether the statement is true or false

Question 2

A discount clothing store buys shirts and slacks with a list price of 12,750. If the wholesaler offers trade discounts of 15/25/15, find the single equivalent discount.
 A) 0.444375
  B) 0.357896
  C) 0.458125
  D) 0.352852

[cdmart10]

Answer to Question 1

FALSE

Answer to Question 2

C